Zcash ZEC/USD is trading at 217. Cryptocurrency is traded below the lower bound of the Cloud of the Ichimoku indicator Kinko Hyo, indicating a bullish trend for Zcash. Ichimoku Kinko Hyo signal line area test is near the 225 level, from which it is expected to rebound and attempt a further fall with a target below level 195.
Zcash forecast & analysis ZEC/USD on November 4, 2017
An additional signal in favor of the drop of the cryptocurrency will be a test of the resistance level. Earlier, a weak signal was received for sell of Zcash cryptocurrency, due to the crossing of signal lines at level 225. The cancellation of the variant of the drop in Zcash quotations will be a breakdown of the upper boundary of the Ichimoku Kinko Hyo Cloud with the closing of quotes above the level 235, which indicates a change in the bearish trend in favor of the bullish trend. Expect to accelerate the fall of quotations ZEC/USD stands with a breakdown of the level of 205.
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